BUZZ-Summit Therapeutics up on report of talks for licensing deal with AstraZeneca

Reuters

07-03

BUZZ-<a href="https://laohu8.com/S/SMMT">Summit</a> <a href="https://laohu8.com/S/LENZ">Therapeutics</a> up on report of talks for licensing deal with AstraZeneca

** Shares of drug developer Summit Therapeutics SMMT.O rise 3% to $23.30

** AstraZeneca AZN.L is in talks to partner with Summit for up to $15 billion to license a lung cancer drug, ivonescimab, Bloomberg news reported, citing people familiar with the matter

** Summit is also talking to other major pharmaceutical companies about potential partnerships, the report said

** Summit did not immediately respond to Reuters' request seeking comment while an AstraZeneca spokesperson declined to comment

** Including session's move, stock up 25.6% YTD

(Reporting by Kamal Choudhury in Bengaluru)

((Kamal.Choudhury@thomsonreuters.com;))

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23:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-<a href=\"https://laohu8.com/S/SMMT\">Summit</a> <a href=\"https://laohu8.com/S/LENZ\">Therapeutics</a> up on report of talks for licensing deal with AstraZeneca</title></head><body><p>** Shares of drug developer Summit Therapeutics <span>SMMT.O</span> rise 3% to $23.30</p><p>** AstraZeneca <span>AZN.L</span> is in talks to partner with Summit for up to $15 billion to license a lung cancer drug, ivonescimab, <span>Bloomberg news reported</span>, citing people familiar with the matter</p><p>** Summit is also talking to other major pharmaceutical companies about potential partnerships, the report said</p><p>** Summit did not immediately respond to Reuters' request seeking comment while an AstraZeneca spokesperson declined to comment</p><p>** Including session's move, stock up 25.6% YTD</p><p> (Reporting by Kamal Choudhury in Bengaluru)</p><p> ((Kamal.Choudhury@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1481599808.USD","symbol_name":"THREADNEEDLE (LUX) UK EQUITY INCOME \"AUC\" (USDHDG) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250703:nL4N3T00ZT:1","article_id":"2548385831","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548385831","pubTimestamp":1751554845,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Summit Therapeutics up on report of talks for licensing deal with AstraZeneca** 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